EIA: U.S. Retail Diesel Up 19.7cts on Wk, Near 3-Mth High
8/18 9:53 AM
EIA: U.S. Retail Diesel Up 19.7cts on Wk, Near 3-Mth High
Barani Krishnan
DTN Refined Fuels Market Reporter
SECAUCUS, NJ (DTN) -- U.S. pump prices for diesel surged 19.7cts this week
to reach a near three-month high of $5.454 gallon, Energy Information
Administration (EIA) data showed Tuesday (8/18).
The national average for diesel is now at its highest since the week ended
May 25, when it stood at $5.523 gallon, historical EIA data showed.
The current average is also $1.741 above year-ago levels, reversing the
previous week's decline.
The Midwest region posted the largest diesel price increase In the latest
week to August 17, jumping 25.4cts to $5.435 gallon. Year-on-year, it rose
$1.733.
The Gulf Coast registered the second-largest gain, climbing 19.3cts to
settle at $5.237 gallon.
Prices across California and the broader West Coast region rose 16.7cts and
17cts to $6.785 gallon and $6.203 gallon, respectively.
The New England subregion recorded the smallest weekly increase, edging up
just 3.1cts to $5.545 gallon.
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